Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) Stock Short Interest Report for October

Global X S&P 500 Risk Managed Income ETF (NYSEARCA:XRMI) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 47,766 shares, a decline of 45.9% from the September 30th total of 88,248 shares. Based on an average daily volume of 13,384 shares, the days-to-cover ratio is presently 3.6 days. Approximately 1.3% of the company’s stock are sold short.

Global X S&P 500 Risk Managed Income ETF Trading Down 0.8%

Shares of XRMI traded down $0.14 during mid-day trading on Friday, hitting $17.00. The company’s stock had a trading volume of 20,319 shares, compared to its average volume of 19,527. The company’s 50-day moving average is $17.27 and its 200-day moving average is $17.36. Global X S&P 500 Risk Managed Income ETF has a 52-week low of $16.73 and a 52-week high of $18.08. The firm has a market capitalization of $62.56 million, a price-to-earnings ratio of 25.29 and a beta of 0.35.

Institutional Investors Weigh In On Global X S&P 500 Risk Managed Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in shares of Global X S&P 500 Risk Managed Income ETF by 21.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 177,835 shares of the company’s stock worth $3,057,000 after purchasing an additional 31,462 shares in the last quarter. Foguth Wealth Management LLC. purchased a new position in Global X S&P 500 Risk Managed Income ETF during the 3rd quarter worth approximately $12,741,000. Cetera Investment Advisers raised its position in Global X S&P 500 Risk Managed Income ETF by 24.9% during the 1st quarter. Cetera Investment Advisers now owns 188,730 shares of the company’s stock worth $3,190,000 after buying an additional 37,678 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Global X S&P 500 Risk Managed Income ETF during the 2nd quarter valued at approximately $207,000. Finally, Tactive Advisors LLC lifted its stake in Global X S&P 500 Risk Managed Income ETF by 6.3% during the 2nd quarter. Tactive Advisors LLC now owns 33,893 shares of the company’s stock valued at $583,000 after acquiring an additional 1,999 shares during the period.

About Global X S&P 500 Risk Managed Income ETF

The Global X S&P 500 Risk Managed Income ETF (XRMI) is an exchange-traded fund that is based on the Cboe S&P 500 Risk Managed Income index. The fund tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis. XRMI was launched on Aug 25, 2021 and is managed by Global X.